Agenda - 09-09-2008- 3 - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 9, 2008 Action Agenda Item No. 3 SUBJECT: Development of 2009-19 Capital Investment Plan (CIP) and FY 2009-10 Annual Operating Budget DEPARTMENT: County Manager and Budget PUBLIC HEARING: (YIN) No ATTACHMENT(S): Attachment 1. FY 2009-19 Capital Investment Plan (CIP) and 2009-10 Annual Operating Budget Preliminary Timelines Attachment 2. FY 2009-10 Preliminary General Fund Budget Outlook INFORMATION CONTACT: Laura Blackmon, (919) 245-2300 Donna Coffey, (919) 245-2151 PURPOSE: To provide the Board an opportunity to comment on the past and upcoming CIP and annual budget processes and discuss emerging fiscal challenges and budget drivers that the County will face in the future. BACKGROUND: BOCC Comment on Past CIP and Annual Operating Budget Processes and Provide Direction for Upcoming Processes During the June 2008 budget work sessions, Commissioners indicated they would like to discuss the budget development process. Tonight's work session offers an opportunity for the Board and Manager to discuss the FY 2008-18 CIP and FY 2008-09 budget processes to assess what went well and exchange ideas about how to improve development and presentation of future CIPs and budgets. Preliminary Timelines for Development of CIP and Annual Operating Budget Attachment 1 of this agenda abstract provides preliminary timelines for development of the upcoming CIP and annual budget. Again this year, the timeline proposes the CIP be developed and adopted this fall leaving the winter and spring months for development of the County's annual operating budget. The proposed timeline anticipates adoption of the annual operating budget in early June 2009 in order to allow departments and Boards of Education sufficient time to implement the County Commissioners' adopted budget by July 1, 2009.